NetworkNewsBreaks Archive - Page 843 of 2235

TuesdayAug 16, 2022 11:09 am

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Releases Financial Results for H1 2022

Flora Growth (NASDAQ: FLGC), a manufacturer and distributor of global cannabis products and brands, is reporting its financial and corporate results for the six months ending June 30, 2022. Highlights of the report include revenue for the company increasing 604% from the same period last year, reaching ~$15 million while gross profit for the company increased to ~$7 million, an increase of 547%. In the report, the company reaffirmed its 2022 revenue guidance of $35 million to $45 million, which represents an increase in projected revenue of between 300% to 400%. “In the first half of 2022, Flora delivered on…

TuesdayAug 16, 2022 10:52 am

NetworkNewsBreaks – LiveOne Inc.’s (NASDAQ: LVO) PodcastOne Enters Strategic Partnership with Kevin Connolly’s APM

PodcastOne, a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), today announced its entry into a multiyear agreement with Kevin Connolly’s boutique media network ActionPark Media (“APM”), a Los Angeles based hub specializing in podcast creation. According to the update, the deal gives PodcastOne exclusive distribution and advertising sales rights for APM’s current slate of podcast and vodcast programming. It will also allow for the two media companies to co-develop future podcast/vodcast based IP, produce advertiser sponsored live streaming and touring opportunities for hosts/talent and create exclusive licensing for podcast specific branded merchandise. “Kevin and APM clearly have…

MondayAug 15, 2022 12:41 pm

NetworkNewsBreaks – Cub Crafters Inc. Appealing to Personal Adventure Enthusiasts with Best-of-Class Backcountry Airplanes

Cub Crafters (typically styled CubCrafters) is the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft. “Yakima, Washington-based CubCrafters has spent decades appealing to those who want to fly themselves by designing, building, testing, and selling best-of-class backcountry airplanes modeled on the classic Piper PA-18 Super Cub light aircraft, and the company’s own Cub-derived newly manufactured designs. CubCrafters offers various models of aircraft that fit under FAA Certified (Part 23), Light Sport Aircraft (‘LSA’), and Experimental Amateur Built (‘E/A-B’) classifications. CubCrafters sells finished aircraft as well as aircraft kits for experimental plane enthusiasts who enjoy the…

MondayAug 15, 2022 12:33 pm

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Files F-1 Registration

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company developing solutions to optimize and automate the supply chain process and providing its Fr8App platform for B2B cross-border shipping in the NAFTA region, today announced that it has filed a Form F-1 with the SEC. “We are incredibly proud of our team and thank them for their work and dedication to deliver our F-1 registration, which positions us to be able to continue to grow as a public company. Delivering our registration statement puts us in a position to continue to work with the capital markets to foster the growth of our…

MondayAug 15, 2022 12:27 pm

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Announces Q2 2022 Financial Results, Corporate Update

CNS Pharmaceuticals (NASDAQ: CNSP) is a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system. The company today reported its financial results for the quarter ended June 30, 2022, and provided a clinical update of its anti-cancer drug candidates currently in development. “Within the past six months alone, we have executed on a number of clinical and operational advancements including expanding our global presence with clinical approvals in Spain, France and Switzerland to drive patient enrollment forward, as well as expanding eligibility for patients to participate in our…

MondayAug 15, 2022 12:19 pm

NetworkNewsBreaks — Laredo Oil Inc. (LRDC) Subsidiary Acquires Mineral Rights in Core Development Areas in Montana

Laredo Oil (OTC: LRDC), an oil exploration and production company, through its wholly owned subsidiary Lustre Oil Company LLC, is acquiring mineral rights in northeastern Montana core development areas. According to the company, the company has increased its acreage in these key locations from 24,000 net acres to 45,246 gross and 37,932 net acres currently. “Our acquisition strategy has allowed us to lease acreage in the Western Williston Basin in Montana at what we believe to be a fraction of the cost of acreage in other comparable basins,” said Laredo Oil chair and CEO Mark See in the press release.…

MondayAug 15, 2022 12:12 pm

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Announces Entry into Revolving Credit Facility, Launch of Stock Portfolio Tracker

SRAX (NASDAQ: SRAX) is a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform. The company today announced its entry into a revolving credit facility as well as the launch of a website that allows investors to track the current value of SRAX’s marketable securities portfolio. “We are working diligently with our auditors to get our 10K filled. As of this date, there are no significant deviations (+/- 3%) on the income statement that we presented in our annual update. Our auditors have told us they believe that we will be…

MondayAug 15, 2022 11:57 am

NetworkNewsBreaks – LFTD Partners Inc. (LIFD) Releases Q2 2022 Financial Report

LFTD Partners (OTCQB: LIFD), the corporate parent of leading cannabis and psychedelics manufacturer Lifted Made, is reporting on its second quarter 2022, which is the period ended June 30, 2022. Highlights of the report include revenue for the quarter totaling $16,776,502, a 151% increase from the $6,695,144 reported in Q2 2021, and an increase in operating margin of 3.14%, with Q2 2022 coming in at 26.40%. GAAP net income from the quarter increased — the eighth consecutive quarter of upward movement — totaling $3,219,460 up from $1,596,154 the same period last year. The company reported a 64% increase in basic…

MondayAug 15, 2022 11:32 am

NetworkNewsBreaks – Investor Summit Group Kicks Off Q3 Investor Summit Tomorrow

Investor Summit Group ("ISG"), which has built a reputation for organizing some of North America’s largest and most reputable independent investor conferences, is hosting this week’s Q3 Investor Summit. The event, presented in an easy-to-use and attendee-friendly virtual format, is scheduled for Aug. 16–17, 2022; ISG presents quarterly investment summits that connect carefully curated companies and well-established management teams with qualified investors to further industry networks, explore potential synergies and forge lasting relationships. According to the announcement, the Investor Summit event series focuses on connecting leading small and micro companies with qualified individuals and entities looking to invest in the…

FridayAug 12, 2022 2:50 pm

NetworkNewsBreaks – Embrace Change Acquisition Corp. (NASDAQ: EMCGU) Announces $65M IPO

Embrace Change Acquisition Corp. (NASDAQ: EMCGU), a blank check company newly incorporated as a Cayman Islands exempted company, recently announced the pricing of its initial public offering of 6,500,000 units, each at a price of $10.00, with each unit consisting of one ordinary share, one redeemable warrant and one right. Each redeemable warrant entitles the holder to purchase one ordinary share at a price of $11.50 per share, and each right entitles the holder to acquire one-eighth of an ordinary share. The units have commenced trading on the Nasdaq Global Market under the ticker symbol EMCGU, with the IPO expected…

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